The answer is a hope it helps
The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.
<h3>Compound interest</h3>
- Principal, P = $2,000 × 12 × 4
= $96,000
- Time, t = 10 years
- Interest rate, r = 24% = 0.24
- Number of periods, n = 2
A = P(1 + r/n)^nt
= $96,000( 1 + 0.24/2)^(2×10)
= 96,000 (1 + 0.12)^20
= 96,000(1.12)^20
= 96,000(9.65)
= $926,400
Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400
Learn more about compound interest:
brainly.com/question/24924853
#SPJ4
(-1.1)*(-1.1)*(-1.1)=-1.331
Answer:
B) 2.4 inches
Step-by-step explanation:
The total amount of rain is 28.8 inches over 12 months. To find how much rain falls averagely in <em>one </em>month you need to divide the total by the amount of months. 28.8/12 = 2.4
